Question: Dear Tutor, Please I need your help to solve this as soon as possiple. Thank you in advance. Tim Howard has been offered the opportunity
Dear Tutor, Please I need your help to solve this as soon as possiple. Thank you in advance.
Tim Howard has been offered the opportunity of investing $64,082 now. The investment will earn 4% per year and at the end of that time will return Tim $87,700. Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Tim wait to receive $87,700? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.) Tim must wait years Click if you would like to Show Work for this question: Open Show Work
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